Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
RE: Consolidation3 Jan 2024 20:22
Personally I don’t agree with this consolidation even though it very healthy,the last two days the price has hardly moved if you take in to account yesterdays open.
We either have a seller/buyer or both on board.
I tend to believe it’s a buyer, the MMs have offered just below the ask for 700k all day yesterday and today, the sp has hardly moved even though we are far stronger on the buy side.
Once the trade is completed we will move forward imo, we also have 35 drills results imminent, then results from ASX and CSIRO…
It looks like I was right..something wasn't adding up,we will find out tomorrow if it’s cleared..
Remember …no duds
Personally I don’t agree with this consolidation even though it very healthy,the last two days the price has hardly moved if you take in to account yesterdays open.
We either have a seller/buyer or both on board.
I tend to believe it’s a buyer, the MMs have offered just below the ask for 700k all day yesterday and today, the sp has hardly moved even though we are far stronger on the buy side.
Once the trade is completed we will move forward imo, we also have 35 drills results imminent, then results from ASX and CSIRO…
Exciting times..
Nobody likes a rights issue but its inevitable. A company i once held had 25 rights issues in 25 months that was shocking. Lets hope brad gets some investors on board behind issuing paper.
Still think a deal has been done and awaiting Newmont board approval. Lots of news coming in first half of year.
Seingred you done brill we know what you saying with mega valuations but the market have been the worst in 30 or 40 years so only way up. Agree massive dilution might come and yes JV partner needed and yes need loads of cash for other projects. We only got 200m shares.
You cant value company today in same light as in a bull market. same wi crypto currencies most will go bust gold is gold and will always have a worth. Same as property its only going up over time.
seingred we get the point but just look at the very very depressed the miners have been for 3 years they will turn at some point. its like comparing recession with a recession or boom bull run. or dot com days when everything was booming even though it was a bag of ****.
if youre so negative why keep buying. im not saying this that or other like some but omi is worth more than 5m.
and yes they will need to drill drill and it will be costly and thats why they will have to raise for other projects too and a jv partner is a necessity.
gold silver aint going down we seen the bottom only way is up. tell me im wrong and thats why youre been buying. simple as. good luck to all.
I hope youre wrong Newmont walked away from GGP share price went down to 0.4 then to a high of 40p when Newcrest did a JV. So I tend to disagree, yes a new JV partner is needed.
and yes they will raise.
Just my thoughts.
Thank you ML….very well put together and a great read.
Should be a very interesting day after the Mails piece also, got a feeling there was a few sat on the sidelines….they may need to be quick off the mark this morning…
All guess work but I think a deal has been done and that this deal maybe getting approval from Newmont board first and signing before releasing to market, all guess work but as Bhargav says when they board ready there will be lots of news then a raise if not new JV partner.
All best.